Sherman Asset Management Inc. Invests $2.73 Million in Vanguard Total Bond Market ETF (NASDAQ:BND)

Sherman Asset Management Inc. purchased a new position in shares of Vanguard Total Bond Market ETF (NASDAQ:BND) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,012 shares of the company’s stock, valued at approximately $2,733,000. Vanguard Total Bond Market ETF accounts for 2.5% of Sherman Asset Management Inc.’s portfolio, making the stock its 10th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Vanguard Total Bond Market ETF by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 89,037,239 shares of the company’s stock worth $6,687,587,000 after acquiring an additional 4,687,550 shares during the period. Allworth Financial LP boosted its holdings in Vanguard Total Bond Market ETF by 9.4% during the fourth quarter. Allworth Financial LP now owns 19,321,863 shares of the company’s stock worth $1,391,367,000 after buying an additional 1,664,458 shares in the last quarter. LPL Financial LLC boosted its holdings in Vanguard Total Bond Market ETF by 3.7% during the third quarter. LPL Financial LLC now owns 14,487,899 shares of the company’s stock worth $1,088,186,000 after buying an additional 518,083 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Vanguard Total Bond Market ETF by 5.2% during the third quarter. The Manufacturers Life Insurance Company now owns 11,045,127 shares of the company’s stock worth $829,599,000 after buying an additional 548,650 shares during the period. Finally, Arizona PSPRS Trust grew its position in Vanguard Total Bond Market ETF by 0.9% during the third quarter. Arizona PSPRS Trust now owns 6,623,391 shares of the company’s stock worth $497,483,000 after buying an additional 59,774 shares during the period.

Vanguard Total Bond Market ETF Stock Performance

Shares of BND opened at $73.66 on Friday. The firm’s 50-day moving average is $72.18 and its two-hundred day moving average is $73.26. Vanguard Total Bond Market ETF has a twelve month low of $70.37 and a twelve month high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2348 per share. This is a positive change from Vanguard Total Bond Market ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, February 3rd.

About Vanguard Total Bond Market ETF

The Vanguard Total Bond Market ETF (BND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad, market-value-weighted index of US dollar-denominated, investment-grade, taxable, fixed-income securities with maturities of at least one year. BND was launched on Apr 3, 2007 and is managed by Vanguard.